Common use of Consequences of Event of Default Clause in Contracts

Consequences of Event of Default. (a) Upon the occurrence of an Event of Default, the Company will promptly deliver written notice thereof to the Holder. If one or more Events of Default will have occurred and be continuing (whatever the reason for such Event of Default and whether it will be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any Governmental Authority), then, and in each and every such case (other than an Event of Default specified in Section 2.4(g) or Section 2.4(h) with respect to the Company or any of its Subsidiaries), unless the principal of this Note will have already become due and payable, the Holder may, by notice in writing to the Company, declare 100% of the outstanding principal of this Note to be due and payable immediately, and upon any such declaration the same will become and will automatically be immediately due and payable. If an Event of Default specified in Section 2.4(g) or Section 2.4(h) with respect to the Company or any of its Subsidiaries occurs and is continuing, 100% of the outstanding principal of this Note will become and will automatically be immediately due and payable without any action on the part of the Holder.

Consequences of Event of Default. (a) Upon the occurrence of an Event of Default, the Company will shall promptly deliver written notice thereof to the Holder. If one or more Events of Default will shall have occurred and be continuing (whatever the reason for such Event of Default and whether it will shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any Governmental Authority), then, and in each and every such case (other than an Event of Default specified in Section 2.4(g2.4(h) or Section 2.4(h2.4(i) with respect to the Company or any of its Significant Subsidiaries), unless the principal of this the Note will shall have already become due and payable, the Holder may, may by notice in writing to the Company, declare 100% of the outstanding principal of this of, and accrued and unpaid interest on, the Note to be due and payable immediately, and upon any such declaration the same will shall become and will shall automatically be immediately due and payable. If an Event of Default specified in Section 2.4(g2.4(h) or Section 2.4(h2.4(i) with respect to the Company or any of its Significant Subsidiaries occurs and is continuing, 100% of the outstanding principal of this of, and accrued and unpaid interest on, the Note will shall become and will shall automatically be immediately due and payable without any action on the part of the Holder.

Consequences of Event of Default. (a) Upon the occurrence of an Event of Default, the Company will shall promptly deliver written notice thereof to the Holder. If one or more Events of Default will shall have occurred and be continuing (whatever the reason for such Event of Default and whether it will shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any Governmental Authority), then, and in each and every such case (other than an Event of Default specified in Section 2.4(g2.4(c) or Section 2.4(h2.4(d) with respect to the Company or any of its Significant Subsidiaries), unless the principal of this the Note will shall have already become due and payable, the Holder may, may by notice in writing to the Company, declare 100% of the outstanding principal of this of, and accrued and unpaid interest on, the Note to be due and payable immediately, and upon any such declaration the same will shall become and will shall automatically be immediately due and payable. If an Event of Default specified in Section 2.4(g2.4(c) or Section 2.4(h2.4(d) with respect to the Company or any of its Significant Subsidiaries occurs and is continuing, 100% of the outstanding principal of this of, and accrued and unpaid interest on, the Note will shall become and will shall automatically be immediately due and payable without any action on the part of the Holder.